Uragold Extends and Re-Prices Share Purchase Warrants

Uragold Bay Resources Inc. (Uragold) (TSX VENTURE:UBR) announces that, by a
resolution adopted on November 5, 2012, its Board of Directors has authorized
the extension, until November 30, 2013, of 7,500,500 issued and outstanding
share purchase warrants from the following series 




--  2,450,000 expiring on December 7, 2012, 
--  1,625,500 expiring on December 16, 2012, 
--  1,470,000 expiring on December 31, 2012, 
--  387,500 expiring on January 7, 2013, 
--  937,500 expiring on September 13, 2013, 
--  630,000 expiring on December 22, 2013.



The Board of Directors also authorized that the present exercise price of $0.40
be re-priced at $0.10 per share.


As of today, none of these purchase warrants has been exercised.

The extensions and re-pricing are subject to the approval of regulatory
authorities. 


About Uragold Bay Resources Inc. 

Uragold Bay Resources is a junior exploration company trading on the TSX Venture
Exchange under the symbol UBR. Uragold holds gold properties in Southern
Quebec's Appalachian belt. The properties benefit from extensive historical
exploration work and from well-established infrastructure thereby helping to
reduce exploration risks. Uragold's business model focuses on developing, a
series of potential small scale low-cost mining operations for their potential
in generating cash flow while simultaneously exploring core properties that hold
the potential for the discovery of blue sky gold deposits like the MacDonald
project. 


Shares outstanding: 44,184,327

FOR FURTHER INFORMATION PLEASE CONTACT: 
Patrick Levasseur
President and COO
[phone]
www.uragold.com